FCNR RATE | Union Bank of India

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FCNR RATE

Interest Rates FCNR(B)/RFC

UNION BANK OF INDIA

REVISION IN RATES OF INTEREST ON
FCNR (B) AND RFC DEPOSITS

FCNR (B) Deposits:

The details of revised rates of interest on FCNR (B) & RFC term deposits in the permitted currencies w.e.f. 01.10.2020 are given below:

PERIOD	USD< 300,000		USD >= 300,000		GBP		EUR
	Existing	Revised	Existing	Revised	Existing	Revised	Existing	Revised
1 YR<2YRS	0.95	0.93	0.95	0.93	0.52	0.49	0.01	0.01
2YRS<3YRS	0.79	0.78	0.89	0.88	0.53	0.49	0.01	0.01
3YRS<4YRS	0.86	0.86	0.96	0.96	0.56	0.52	0.01	0.01
4YRS<5YRS	0.84	0.82	0.94	0.92	0.61	0.56	0.01	0.01
5YRSONLY	0.86	0.84	0.96	0.94	0.64	0.59	0.01	0.01

FCNR (B) Deposits:

PERIOD	JPY		CAD		AUD
	Existing	Revised	Existing	Revised	Existing	Revised
1 YR<2YRS	0.02	0.01	0.78	0.73	0.23	0.16
2YRS<3YRS	0.06	0.04	0.61	0.60	0.23	0.19
3YRS<4YRS	0.07	0.04	0.68	0.66	0.29	0.23
4YRS<5YRS	0.08	0.04	0.77	0.74	0.36	0.27
5YRSONLY	0.09	0.05	0.89	0.86	0.43	0.33

RFC Deposits::

PERIOD

USD < 300,000

USD>= 300,000

GBP

EUR

JPY

CAD

AUD

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

TERM DEPOSITS

6 MONTHS to <1 YR

0.95

0.93

0.95

0.93

0.52

0.49

0.01

0.01

0.02

0.01

0.78

0.73

0.23

0.16

1 YR to <2 YRS

0.95

0.93

0.95

0.93

0.52

0.49

0.01

0.01

0.02

0.01

0.78

0.73

0.23

0.16

2 YRS to <3 YRS

0.79

0.78

0.89

0.88

0.53

0.49

0.01

0.01

0.06

0.04

0.61

0.60

0.23

0.19

3 YRS

0.86

0.86

0.96

0.96

0.56

0.52

0.01

0.01

0.07

0.04

0.68

0.66

0.29

0.23

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